Sadovyi explains how frozen Russian assets can be used in Lviv

The mayor of Lviv, Andrii Sadovyi, believes that the decision by the European Parliament to allocate €35 billion for Ukraine, using frozen Russian assets, is the right one. In his opinion, these funds should be directed toward the needs of Ukrainian cities.

Sadovyi wrote about this on Tuesday, October 22, in a Telegram post following his conversation with European Parliament President Roberta Metsola.

Funds from assets for the needs of Ukrainian cities

According to the mayor of Lviv, he proposes that European parliamentarians reserve a portion of each aid package for partner cities of Ukrainian communities. In other words, European cities that are currently cooperating with these communities should become responsible for managing part of the funds.

"For example, Lviv has long-standing and strong relations with the German city of Freiburg. A delegation from our sister city comes to Lviv and sees our needs firsthand. They could allocate money, which they received from the EU, effectively using their own tax revenues, to rebuild a school that was hit by a Russian missile," he wrote.

Sadovyi added that, in this way, Ukrainian cities would not only receive essential financial support but also benefit from high-quality expertise and mentorship from reliable German partners.

The mayor noted that such cooperation would significantly reduce corruption risks and prevent rigged tender procedures. Moreover, it would serve as a guarantee for high-quality construction work in cities in the future.

Sadovyi emphasized that he discussed this idea with the mayors of Oslo, Lyon, Leipzig, Strasbourg, Gdańsk, and Uppsala, all of whom supported the initiative.

According to the mayor, this kind of collaboration would encourage Ukrainian communities to independently integrate and strengthen ties with European cities. He concluded that this could also be a stepping stone toward closer integration between Ukraine and the EU.

Ukraine will receive a loan from frozen assets of the Russian Federation

On October 22, the European Parliament adopted a resolution according to which Ukraine will receive 35 billion euros as part of the G7 initiatives with the subsequent return of these funds from Russia's frozen assets.

As previously reported, U.S. Treasury Secretary Janet Yellen said that the G7 countries plan to finalize a $50 billion loan agreement for Ukraine this week. The funds will come from the frozen assets of the Russian central bank.